IT services in AsiaPac to grow by 6.6% to USD205 billion

And the market is rebounding with growth likely to top 9% in 2015, says Ovum.

Hansa Iyengar, Senior Analyst with Ovum’s Market Intelligence team said: “Enterprise customers throughout the region who had curtailed spending and put many transformative projects on the back-burner during the downturn have started investing for growth again.

A large proportion of the growth will be driven by applications and consulting engagements with enterprises aiming to upgrade, transform, and modernize their IT environments in order to support the rapid expansion being experienced in the majority of the region’s economies,”.

Meanwhile, Ovum has also released a new market share analysis** of the top 30 IT services vendors in the region. Fujitsu retains the number one slot in terms of IT services revenue in 2010, with a market share of 13.9%.

Global vendors continue to be major representatives in most markets across the region, with the exception of Japan, which is still dominated by the large domestic providers. This highlights the fact that there still exists a “home-bred” tendency, but with an increasing desire to learn and engage with established global providers to support enterprises’ expansionary plans.

Many of the regional and local players continue to display strong growth in core areas of expertise and industry-specific offerings, especially in areas such as mining, financial services and telecommunications.

“A key trend worth noting, is the growth in leveraging consulting services to define and align strategic plans and longer-term operational roadmaps, prior to committing to multi-year strategic engagements” concluded Jens Butler, Principal Analyst with Ovum’s IT Services team. 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Top News

Hotel deals worth $1.1b expected in Q3
The investment pipeline follows a quiet second quarter as visitor arrivals reached 7 million in the first half.
Commercial Property
Prime retail rents edge up 0.4% in Q2
Occupier demand remained modest as economic uncertainty weighed on consumer and tourism spending.
Commercial Property
Logistics rents hold steady in Q2
Demand for higher-specification facilities remained stable despite rising freight costs and geopolitical uncertainty.
Commercial Property
Prime home sales ease in Q2
Resale properties accounted for 88.6% of transactions as no new projects entered the market.
Residential Property